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bitsCrunch is running an incentivized testnet and actively seeking participation from operators, projects, and users to join its community in helping test and develop the bitsCrunch protocol on all fronts, including: the network's security, operations, performance, and user experience.
The incentivized testnet has two critical goals:
Task 4 will consolidate the activities of tasks 4, 5, 6, and 7. This consolidation aims to make the task more engaging and to encourage greater participation.
bitsCrunch Network Testnet Details | |
Program | bitsCrunch Network Testnet Round 1 - Task 4 |
Participation Criteria | Anyone - see Eligibility section |
Participant Limit | None |
Enrollment Deadline | None |
Timeline | Users will be able to accrue points by completing activities starting November 23rd, 2023 until end of January 15, 2024, 23:59 UTC (bitsCrunch team can decide to extend the end date at its own discretion) |
Allocated Rewards | 10,600,000 BCUT tokens distributed at mainnet launch and subject to 6 months linear vesting. Rewards are divided into 3 pools
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Testnet FAQ | bitsCrunch Testnet FAQ |
Visit https://bitscrunch.com and navigate to the protocol app to perform all activities.
Activity | Activity Start Date | Points | Maximum Points |
Delegate testnet BCUT token to the testnet operators - first delegation. Refer to this documentation on how to delegate | 27.11.23 | 100 | 100 |
Undelegate some of the delegated tokens from the stake. Refer to this documentation on how to undelegate | 30.11.23 | 100 | 100 |
Stake testnet BCUT token to become a contributor | 05.12.23 | 200 | 200 |
Delegate testnet BCUT token to the testnet operators - second delegation | 07.12.23 | 100 | 100 |
Onboard as customer and use the free key to make API queries in the network | 18.12.23 | 100 | 100 |
Create the first billing account | 18.12.23 | 100 | 100 |
Create an access key for a billing account and make API queries in the network | 18.12.23 | 100 | 500 |
Additional points for more queries performed
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Contribute NFT Metadata refresh proposals as a contributor | 21.12.23 | 50 | 1000 |
Onboard as a testnet operator to the network | 21.12.23 | 500 | 500 |
Claim rewards in testnet (testnet tokens) | 03.01.24 | 100 | 100 |
Marketing Activities 1 and 2 Gleam Campaign Galxe Campaign |
11.12.23 | 100 (50 each) | 100 |
Testnet Survey - link coming soon | 11.01.24 | 100 | 100 |
Maximum points | 3000 | ||
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Users must meet the following criteria to be eligible for Task 4 participation:
Reward Pool | Condition | Vesting |
Pioneer Pool: All eligible participants receive an equal share of the tokens of this pool - 5,200,000 tokens / # of participants |
Score a minimum of 100 points and the participating wallet should have an NFT transaction before 1st of Nov 2023 on ETH, BNB, AVAX and Polygon PoS chain | 6 months vesting |
Elite Pool: All participants who score more than 1000 points will receive an equal share of this pool - 3,200,00 tokens / # of participants with points above 1000 |
Score a minimum of 1000 points and the participating wallet should have an NFT transaction before 1st of Nov 2023 on ETH, BNB, AVAX and Polygon PoS chain | 6 months vesting |
Merit Pool: All participants who score more than 1500 points will receive a proportionate share of this pool based on the participants point total - 2,200,000 tokens distributed proportionately based on participants point total among participants who score above 1500 |
Score more than 1500 points | 6 months vesting |
Note: It is possible for participants to be eligible for one or more reward pools if they satisfy the required conditions set in the table above. The bitsCrunch team may introduce additional requirements to deter sybil attacks and incentivize the NFT ecosystem.
bitsCrunch is on a mission to elevate the global Web3 ecosystem by forging a safer, more transparent future for NFTs. The network aims to achieve this by offering unparalleled NFT data insights, forensic data, and development tools.
At the heart of the solution is the bitsCrunch Network - an AI-enhanced data network that delivers high-quality NFT analytics and forensic data. Accessible via APIs, the network promotes a community-driven ecosystem and encourages diverse application development.
Decentralizing the bitsCrunch network reinforces the robustness and trustworthiness of its NFT data and insights by enabling a permission less, censorship-resistant environment. The quality of analytics is dependent on the reliability of the underlying data - including how it’s acquired, stored, and processed. On bitsCrunch, all of this will be secured by a network of incentivized participants without any single party having control over the network - enabling users to access NFT data and insights that are bias-free.
To successfully transition to a decentralized model, the bitsCrunch Network must first ensure its infrastructure is robust, scalable, and capable of handling a variety of real-world scenarios. This involves rigorous testing, optimization, and community involvement to refine and enhance the network’s capabilities - enter the bitsCrunch testnet.
bitsCrunch Network Testnet Details | |
Program | bitsCrunch Network Testnet Round 1 - Task 3 |
Participation Limit | None - Top 3000 ranked users will qualify for rewards |
Allocated Rewards for Task 3 | 3,200,000 BCUT tokens distributed at main net launch and subject to 6 months linear vesting |